Mumbai, India - July 7, 2010:
Lavasa Corporation Ltd, Cisco and Wipro today signed definitive agreements for Cisco to participate in MyCity Technology Limited, a company set up by Lavasa and Wipro last year to provide ICT services in the new development of Lavasa City, India’s first complete e-city. The strategic collaboration between the three companies, to build a next generation intelligent sustainable community, is based on a shared vision of sustainable urbanization, Cisco®’s Smart+Connected Communities initiative, and Wipro’s ICT solutions and services.
Lavasa City is free India's first and largest Hill City being developed by Lavasa Corporation Ltd, a part of HCC Group. MyCity Technology Ltd. will leverage the strengths of the three companies to help make Lavasa City the first complete e-city in India. By planning, implementing and managing information and Communication Technology (ICT) services across Lavasa City, MyCity Technology Ltd. aims to make Lavasa City the most technologically advanced city in the world.
As part of the collaboration, Cisco will be the preferred technology partner for ICT products and architecture and use its Smart+Connected Communities initiative and Service Delivery Platform to help make Lavasa City a smart and sustainable city of the future. Cisco’s Smart+Connected Communities vision is that the network as the platform can transform physical communities to connected communities run on networked information to achieve economic, social and environmental sustainability. A foundational, open-architecture platform, Cisco’s Service Delivery Platform enables Cisco and its ecosystem to create and deploy new smart services and applications to community citizens as well as people that manage and operate the community infrastructure.
Wipro will provide its expertise in areas like city management services, e-governance, ICT infrastructure and value added services, including proposing and implementing intelligent home solutions and digital lifestyles. Wipro will also design the detailed infrastructure for telecom services for governance, as well as solutions for the residents of Lavasa City and their visitors. Wipro will provide telecom-based services that will facilitate smart homes and buildings, including integrated building management systems, physical security requirements and other on-demand services.
Mr. Ajit Gulabchand, Chairman, Lavasa Corporation Limited, commenting on the new development, said, "MyCity Technology Ltd. is yet another step towards making Lavasa City a truly planned and well managed city. Together with Cisco and Wipro, we will use Information and Communication Technology to provide smart governance, and enhance quality of life for residents. Our partnership with Cisco and Wipro, global leaders in their domain, will enable Lavasa to set new benchmarks on city development and management through effective use of modern technology.”
Mr. Wim Elfrink, Chief Globalisation Officer and Executive Vice President, Cisco Services, said, “Cisco envisions a future where successful communities and cities will run on networked information enabling economic development, better city management and an improved quality of life for citizens. We are honoured to collaborate with Lavasa Corporation Ltd and Wipro to make Lavasa City economically, socially and environmentally sustainable. Cities and communities can be sustainable by embracing smart regulation and strategic public private partnerships with technology as an enabler. Everything connected to the network in these Smart+Connected Communities can be greener, more intelligent and more secure.”
Mr. Anurag Mehrotra, Vice President & Head Client relationship group, Wipro, said, “We are delighted to be engaged in this pioneering venture to create a unique e-enabled city in India. As a strategic partner to Lavasa, we embarked on this journey last year to combine cutting-edge technology with our global best practices in the ICT area to deliver innovative services to residents and businesses operating from Lavasa. The entry of Cisco, a world leader in networking technology and a key partner of Wipro for more than a decade, will ensure Lavasa gets the best in technology innovation backed by our expertise in architecting, implementing and managing networking technologies."
The three companies will bring together complementary skills, capabilities and solutions to help improve economic development, environmental sustainability, and the quality of life for citizens. The companies will also look to develop a broad ecosystem of strategic design, development and technology partners to enable and drive network-enabled city-scale innovation.
Lavasa is free India's first planned hill city being developed by HCC (Hindustan Construction Company) where people can Live, Work, Learn and Play in harmony with nature. An inclusive city, based on the principles of New Urbanism, it is fast being developed amidst 12,500 acres of land, 3 hours' drive from Mumbai and 1 hour from Pune. Lavasa will host a complement of global leaders in hospitality, tourism, education, healthcare, business research and industry. The hill city provides contemporary yet timeless architectural designs, multiple options for housing like rental housing, starter homes, apartments and villas. With state of the art infrastructure and amenities it will thus enable people to live life in full. For more information, visit www.lavasa.com
About Cisco Systems
Cisco, (NASDAQ: CSCO), is the worldwide leader in networking that transforms how people connect, communicate and collaborate. Information about Cisco can be found at http://www.cisco.com. For ongoing news, please go to http://newsroom.cisco.com
Cisco, the Cisco logo and Cisco Systems are registered trademarks or trademarks of Cisco Systems, Inc. and/or its affiliates in the United States and certain other countries. All other trademarks mentioned in this document are the property of their respective owners. The use of the word partner does not imply a partnership relationship between Cisco and any other company. This document is Cisco Public Information.
About Wipro Ltd
Wipro Limited provides comprehensive IT solutions and services, including systems integration, information systems outsourcing, IT enabled services, package implementation, software application development and maintenance, and research and development services to corporations globally. Wipro Limited is the first PCMM Level 5 and SEI CMM Level 5 certified IT Services Company globally. In the Indian market, Wipro is a leader in providing IT solutions and services for the corporate segment in India offering system integration, network integration, software solutions and IT services. In the Asia Pacific and Middle East markets, Wipro provides IT solutions and services for global corporations. Wipro also has profitable presence in niche market segments of consumer products and lighting. Wipro's ADSs are listed on the New York Stock Exchange, and its equity shares are listed in India on the Stock Exchange - Mumbai, and the National Stock Exchange. For more information, please visit our websites at www.wipro.com, www.wiprocorporate.com, and www.wipro.in.
Wipro's forward looking and cautionary statements
Certain statements in this release concerning our future growth prospects and our ability to successfully complete and integrate potential acquisitions are forward looking statements, which involve a number of risks, and uncertainties that could cause actual results to differ materially from those in such forward looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding our ability to integrate and manage acquired IT professionals, our ability to integrate acquired assets in a cost effective and timely manner, fluctuations in earnings, our ability to manage growth, intense competition in IT services including those factors which may affect our cost advantage, wage increases in India, our ability to attract and retain highly skilled professionals, time and cost overruns on fixed-price, fixed-time frame contracts, client concentration, restrictions on immigration, our ability to manage our international operations, reduced demand for technology in our key focus areas, disruptions in telecommunication networks, liability for damages on our service contracts, the success of the companies in which Wipro has made strategic investments, withdrawal of fiscal governmental incentives, political instability, legal restrictions on raising capital or acquiring companies outside India, unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our filings with the United States Securities and Exchange Commission. These filings are available at www.sec.gov. Wipro may, from time to time, make additional written and oral forward looking statements, including statements contained in the company's filings with the Securities and Exchange Commission and our reports to shareholders. Wipro does not undertake to update any forward-looking statement that may be made from time to time by or on behalf of the company.
Lavasa Corporation Limited
Sandhya Shama Rao